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The downward trend will only be reverted when we have news maybe in Feb?
1st. Support Level 2,771.167
2nd Support Level 2,713.333
3rd Support Level 2,681.667
Though, just reminding you Buffet bought a small stake 1st quarter '23.
Maybe wait to see if he buys more from his $152bn warchest.
Watch and see.
I see March as a bottom in markets. Stocks are trading at expensive PE's.
Tech, especially AI has gone to tropospheric levels, when we have been using A1 for some time.
I have 500 from 2009 and not doubling until another big correction.
Might consider re- buying NG in new yr
Could we see a new high of 2000p + by January!!
Looking good after some possitive news, and also the choice to reduce that hefty dividend at last. I for one can definitely see 2000p+
Only have 500 at 1525p
CVX has also got a downward trend after setting a heads n shoulders pattern very similar to SHEL.
I think of the 4 top oilies, EXXON look better bets.
Think if we considered the fact that nothing goes up in a straight line.
Try looking at RSI figures, most have been low, and neutral.
People have been buying because they 'thought it would spike' after expecting a full blown war, and OIL reported to spike to $140-150 MS even suggested $190 this yr end.
Oil goes up and down, something is healthy for us traders / investors. It's what market needs ( however they manipulate it.
I'm holding on until MARCH that's where there will be BIG bargains.
Follow Buffett somewhat and you might go just well.
Gla
No one knows where the bottom is. 1846p is
It's on a slippery slope until good news is here to change the view of fidelity
Iv been here since 2012 (1175p) with this fund only buying on a 10% drop from my position.
Take look at MYI
Yes.
Full list of dates and other shares can be found at www.dividendmax.com
Until they answer this question it will continue to drop
Unclear how quickly Diageo can fix problems in Latin America, CEO says
Watch for 2565p for support
Just watched that on cnbc this week.
Interesting, but we take it with a pinch of salt as it's GOLDMAN. They says oil would hit $150 along with JPM this yr, they were so so wrong.
It's not the time for place strike prices. The market could do just that at anytime. ... Only buy big if that's your game with a 7-8% FTSE drop. It will happen when is anyone's bet, but I'm waiting until March 2024. Graphs show evidence it could well be right.
DGE
GS
MUT
There my big buys.
BUFFETT can buy DGE. He has a stake he acquired in January 2023. Only 0.5%!though of his portfolio $780bn.
He has $152bn of free cash for the buying spree built up.
I'd not buy until March 2024. This is a bear rally I believe.
Could be a similar run to that of 08/09?
Nav 875p
Todays price 807p
Goes ex div very soon
16 Nov 2023 (Thu )
Just accumulate everything and anything.
That's what I'm doing. If you're an investor you'll understand.
FTSE is on sale versus S&P
Both SHRL & BP lag USA counterparts as awhole which I have pointed out with the difference being scary since 1994.
We can blame the FTSE for everything it holds compared to DOWJ & S&P.
If we compare some gains here v UK stocks from 1994 to 2023 October 26th
XOM +750% plus dividends( USA)
SHEL 144% plus dividends in that period
BP. 320% plus dividends
CVX. 700% plus dividend's (USA)
OXY. 5800%! plus dividends ( USA)
including
BHP + 1,025% ! Plus dividends along the way!!
Diamondback Energy +780% (2012-2023) + dividends / special dividends (USA)
COP +950% plus dividends(USA)
Is it the £ & S weakness that is causing this large disparity
This is what the market needs, VOLATILITY. We were warned if this by both BofA & GS last month for month of November , along with DOLLAR gains too, and rate cut timing uncertainity in USA.
Stocks can't always go up in straight line, and we need a pullback.
Price of Brent crude is at $80 today, down from $93 on October 20th.
There will be a FRIDAY jump for sure tomorrow! I'm adding another 250 today.
Saudi's have been
The actual yield might and hopefully be 5% if we are paid 10p in March
Can't see 50% of EPS.
Need to look at bigger picture in markets matey.
China property market is going bad. They have built too many flats that not even the entire population would fill.
You gave Evergrande in dire straights.
I'd just concentrate on the SP going NORTH for now abd not backwards
Gla
Hi all,
I follow and invest in both US / Swiss & UK equities, more so USA since 2011.
I believe banks are in huge trouble because they bought Mortgage Backed Securities and Treasuries at much lower rates than today.
On top of this 1% deposits being drained from them to get 5% Cd's and money market funds.
I was watching 'Regions Financial'. Look at what happened to them Last Friday 20th October, ticker RF, and also HSBC, GS, CITI, and Morgan Stanley all hit 52 week lows..
This is going to end badly with the fed as usual to the rescue with taxpayer money and rate cuts and more QE money printing because they are proven to do this over and over again. The banks and markets more important than inflation fighting but the banks and financials are nowhere to put your money these days.
Also, should Banks not be trading at higher P/E than at present if making billions. Or is this just a smoke screen
RSI hit 65-70 in last hour.
I bought another good chunk here.
Tempted to buy 20 BRK.B today?
So the article below is just guidance that payouts would be dropping as i did mention start last year.
They predict a high possibility if $2.25 for 2024. This is in AUD. so that equates to £1.14 for the year. Bug drop from 2021.
A base case scenario is for payout of $1.95.
We'll see.
I'm back drip feeding £4000 in every 3months here n there and anywhere else with growth stocks preferably ..
My tip for 2024 is between ROCHE & FANG, maybe RIO too